Friendly fraud is emerging as a significant challenge in the fintech industry, exacerbated by the surging popularity of e-commerce. As consumers increasingly turn to online platforms for their shopping needs, instances of family members falsely denying purchases have surged, presenting a myriad of
The financial services sector faces a rapidly evolving cybersecurity threat landscape. Financial institutions are combating a variety of cyber threats that include traditional phishing attacks and sophisticated schemes involving emerging technologies like generative AI. This article examines how
Bribery and corruption remain pervasive threats in global business operations, endangering the integrity of industries worldwide. In a world where the cost of bribery is estimated at a staggering $3.6 trillion annually, the consequences of corruption extend far beyond immediate financial loss,
How Will Experian's Purchase of NeuroID Transform Fraud Prevention? The landscape of fraud prevention has undergone significant changes in recent years, driven by the rise of sophisticated AI-driven fraud attempts. In a strategic move to stay ahead of these threats, Experian, a leading global data
The convergence of financial services and digitalization has ushered in an era of unprecedented convenience and innovation. However, this evolution has also introduced significant cyber risks, primarily from advanced bots exploiting system vulnerabilities. The financial technology (fintech) sector,
Financial crime, encompassing a wide range of illicit activities such as money laundering and fraud, continues to be a growing global challenge. It's estimated that these nefarious activities account for 2-5% of the global GDP, underscoring the immense scale and impact of the issue. These crimes
